Greenback jumps but outlook's cautious

Greenback jumps but outlook's cautious

On Thursday, the US currency added versus a trade-weighted basket of currencies because traders consolidated positions with the low-yielding Swiss franc as well as Japanese yen backed amid deepening anxiety over tensions between America and North Korea.

The markets are seeking direction after Wednesday's steep moves and geopolitical worries will dominate in financial markets in the coming days, as some financial experts state.

The dollar index leapt 0.2% trading at 93.73.

On Wednesday, the Swiss franc along with Japanese yen had notched up huge revenues versus the greenback after Donald Trump warned North Korea that it would stumble on fire and fury if it dared to keep threatening the USA.

In return, North Korea announced its intention to launch missiles at Guam, an American Pacific island territory.

The common currency lost 0.3% hitting 1.1726 versus the greenback. It has dipped 1.5% since reaching a 2-1/2 year maximum of 1.1910 on August 2.

 

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera